145 2Nd Ave Perham, MN 56573

This 5,200 square foot vacant retail building, located at 145 2nd Ave SE in Perham, Minnesota, presents a unique investment opportunity. Built in 1974 and renovated in 2022, the Class B property sits on a 15,000 square foot lot and offers flexible space suitable for various uses, including office, retail, restaurant, or medical. The building is conveniently located in downtown Perham, next to the new JP Place mixed-use development, and benefits from ample parking on both the north and south sides. The property includes a 2,000 square foot heated garage with an oversized garage door, ideal for warehouse or shop space. A memorandum of understanding exists with the City of Perham to assist with the costs of expanding the south parking lot. The asking price is $425,000, translating to $81.73 per square foot. The property's zoning is commercial, and it features one building with one story. Nearby businesses include Sherwin-Williams, O'Reilly Auto Parts, Aspen Dental, IHOP, and Goodwill. Perham is a thriving small town known for its excellent schools, outdoor recreation, and vibrant community. This property offers significant potential for a variety of commercial ventures. The property is currently vacant and available for sale.